National Life Group of Vermont announced its plans to pay $83 million in dividends to its participating policy holders. In the announcement National Life Group's President and CEO, Mehran Assadi remarked at NLG's history going back to its very first dividend payout of $11,260 back in 1855.
So where does this leave the dividend interest rate?
Noticeably missing from the announcement was any word on what this dividend payout means for the dividend interest rate. We can infer that it has probably gone down since the 2014 payout will be a good bit lower than the 2013 payout of $99.3 million. Though as a life insurer, NLG has spent much more of its time focusing on universal life insurance (a traditionally non participating product) than it has whole life insurance.
If anyone has additional information on the dividend interest rate for 2014, we'd love it if you shared it, and in the meantime we'll work to obtain this information.
Brandon launched the Insurance Pro Blog in July of 2011 as a project to de-mystify the life insurance industry. Brandon was born in Northern New England, and he currently calls VT home. He attended Syracuse University and graduated with a triple major in Economics, Public Administration, and Political Science.